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Institution

Opportunity Bank of Malawi Private Bag A71Lilongwe, Central
Data approved: 2012-11-29
Data version: 2
Age of data: 117 months

Institution Details

Institution TypeBank
Is this institution regulated?Yes
Website addresshttp://www.oibm.mw/
Year established2003
Head of InstitutionCosmus Kowuoche
Regions activeDedza, Dowa, Kasungu, Lilongwe, Mchinji, Nkhotakota, Salima, ChitipaKaronga, Mzimba, Nkhata Bay, Rumphi, Blantyre, ChikwawaMangochi, Mulanje
# Branches33

Total Portfolio (nat'l)MWK 3,598,720,264
Total Portfolio (USD)USD 9,227,487.86
Active clients with loans52,649
Approximate % female clients40% - 60%
Approximate % urban clients40% - 60%
Network affiliationsOpportunity International, MAMN, Bankers Association of Malawi
FundersOpportunity Transformation Investment, Opportunity Microfinance Investment, Trust for Transformation, Africap

Loan Products » Summary

10,659 Borrowers
USD 1,894,842.67 Portfolio
Active Product
34,795 Borrowers
USD 1,628,382.90 Portfolio
Active Product
2,306 Borrowers
USD 1,668,409 Portfolio
Active Product
3,548 Borrowers
USD 1,315,788.54 Portfolio
Active Product

Loan Products » Conditions

Product Name Loan Size Range Loan Term (months) % Female % Urban Loan Purpose Eligibility Other Services
Agriculture Loan MWK 200,000 - 50,000,000 3 - 48 20% - 40% 0% - 20% Business Women, Men, Running a farming enterprise Credit Educ, Group Mtgs, Credit Ins, Business Training
Masiko (Group) Loan MWK 140,000 - 2,800,000 4 - 9 40% - 60% 20% - 40% Business Women, Men, Have business Credit Educ, Group Mtgs, Credit Ins, Business Training
Mzati (Individual) Loan MWK 50,000 - 1,000,000 3 - 12 40% - 60% 40% - 60% Business Women, Men, Have business, Have home or land, Must have assets as collateral Credit Educ, Credit Ins, Business Training, Other Training, Social Issues Training (HIV/AIDS, Gender, Vision Building),, Mthunzi (Shelter) Insurance
Payroll Loan MWK 15,000 - 4,000,000 3 - 48 20% - 40% 40% - 60% Any Purpose Women, Men, Salaried worker, Age must be above 18 years Credit Ins

Loan Products » Pricing Information

Product Name Annual Nominal Interest Fees Insurance Taxes Compulsory Deposit APR (int+fee) Full APR Transparency Index
Agriculture Loan 37.00%-40.00% annual, Decl Bal 1 Fee 0 Ins None 15.00% upfront 33.6% - 33.9% 38.7% - 39% 95
Masiko (Group) Loan 48.75% annual, Flat 1 Fee 0 Ins None 15.00% upfront 72.5% - 74.7% 90.5% - 94.1% 52
Mzati (Individual) Loan 42.00% annual, Flat 2 Fees 1 Ins None 15.00% upfront 70% - 111.5% 92.3% - 144.5% 39
Payroll Loan 45.00% annual, Decl Bal 1 Fee 0 Ins None N/A 34.7% - 45.7% 34.7% - 45.7% 100
Institution Price Graph
Institution # Borrowers Portfolio (US$) Products Age of Data
Actuar Caldas3,7005,247,0001141
Actuar Quindio2,3002,800,0002141
Actuar Tolima8,8005,099,0003141
Amanecer4,3008,253,0004141
Banco Agrario56,30039,938,0003141
Banco WWB219,400294,019,0005135
Bancolombia36,20051,563,0001141
BdO10,4007,945,0002141
Comerciacoop1,6003,255,0004141
Confiar43,80081,993,0007141
Congente5,40020,045,0002141
Contactar25,10020,184,0002141
Crezcamos27,50022,564,0004141
Finamerica39,80099,536,0007141
FMM Popayán310,000243,614,0003141
FMSD6,8009,236,0006141
Fomentamos900102,0001141
Fund DeLaMujer199,900165,568,0001141
Fund Oleoductos500435,0001135
FUNDAUNIBAN6001,307,0002141
FUNDESAN2,4002,521,0005141
FUNDESMAG1,0001,698,0002141
Interactuar30,20093,846,0004141
MEDA15,60027,322,0002141
ProCredit CO5,70018,569,0003141
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Key Statistics
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Country InstAbbrev SampleCode Loan Amount USD Loan Term (Months) SampClients FullAPR DateApproved
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